Revising retirement

Book Review: 'The Hard Times Guide to Retirement Security'

There is something about "hard times" that brings out humanity’s most practical, serious best. When you strip back the label-loving disposable income and people begin to worry more about their families’ basic survival than appearances, a surprising amount of scrappy self-sufficiency often lies beneath.

And in truly tight times, we don’t just cut back expenses in one area; plenty of Americans are having to make wholesale revisions in many areas of their lives to make ends meet these days.

This is true for no segment of society more than for retirement-aged Americans. While many Americans have taken a financial bath over the past few years, those who were near retirement often had the most equity in their homes and investment portfolios to lose, and the least time to recover.